Nearly 1 million taxpayers participated in the amnesty by declaring assets and paying a redemption fee. Around 75 percent of the participating taxpayers were individuals. The Taxation Directorate General collected more than Rp 114 trillion (US$9 billion) in redemption fees.

The ratio of redemption fees compared to gross domestic product was around 0.8 percent. This ratio was the highest among other countries that had granted a tax amnesty, such as Chile (0.62 percent), India (0.58 percent), Italy (0.2 percent). Regarding asset declaration, no less than Rp 4.9 quadrillion has been declared. This number includes approximately Rp 1.03 quadrillion in offshore declarations and Rp 146 trillion in repatriated assets invested in Indonesia.

The government is optimistic that those assets will not be sent offshore because of supporting factors such as relatively high economic growth, low inflation, high returns on investment in rupiah stock and obligation or even a tax allowance and tax holiday.

Taxpayers who repatriate their assets may benefit from instruments offered by the government to ease investment. For example, there is a tax allowance for eligible taxpayers making new investments or expanding their businesses in certain sectors/regions by fulfilling requirements, such as high-value investment, being export-oriented and having high-level local content.

In 2018, the government issued Finance Ministerial Regulation No. 150/2018 on corporate income tax reduction for new investments in pioneer industries, also called a tax holiday. The benefit obtained by investors in 18 certain pioneer industries is a 50 to 100 percent reduction in corporate income tax liability for five to 20 tax years, based on investment value.

The government and the House of Representatives will soon start deliberating an omnibus bill that will stipulate facilities and rules to promote investment and economic growth and level the playing field between national and foreign business players.